What is the difference between a condominium and an apartment?
You can own a condominium by purchasing direct freehold condominium title, which is part of the quota that may be sold to foreigners. The general rule is that 49% of the area of a condominium can be allocated to foreigners. If the quota for foreigners has been used, you can set up a Thai company or lease. Apartments by their very nature, will only be available through leasehold ownership. 30+30 (option to renew) +30 (option to renew) is the maximum term you can obtain and scrutiny should be applied to the ultimate freehold ownership structure and landlord.
